LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTUTE SPACE FROM ACROSS THE MEDIA

POWER/COAL/MINES/RE

India's largest and state-owned electricity transmission company Power Grid Corporation of India Ltd (PGCIL) today said it has started the commercial operation of its 800 Kilovolt HVDC Champa-Kurukshetra Pole I project.

Suzlon Energy Ltd. said it will streamline the legal entities it controls, consolidating its operations outside India under two companies as part of continuing efforts to cut costs and cope with increasing competition in wind turbine manufacturing.

Shipping containers full of coal ash from China, Poland and India have come into the U.S. through the Port of Virginia as foreign companies find a market for the same industrial waste that America's utilities are struggling to dispose of.

The Central Bureau of Investigation (CBI) will today file a final report before the Patiala House Court in connection with the coal scam case against Congress leader and industrialist Naveen Jindal besides others.

NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.

Highlighting India’s growing solar capacity, UN chief Antonio Guterres has said the world is moving towards a green economy at a time when “unprecedented” climate change is posing a threat to development.

The Union Minister of State (Independent Charge) for Atomic Energy and Space, Dr Jitendra Singh, said in a written reply to a question in Rajya Sabha, “The Government, in July 2014, had announced tripling of the then existing capacity of 4,780 MW in the next ten years.

OIL AND GAS

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.64 per barrel (bbl) on 23.03.2017

Reliance IndustriesBSE 0.95 % today said it will challenge the Sebi order in the Reliance PetroleumBSE 0.34 % case before the Securities Appellate Tribunal, terming the regulator's directions as "unjustifiable sanctions".

The Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries Ltd (RIL), the country's second most valued firm, and 12 other entities from dealing in equity derivatives futures and options segment for a period of one year, directly or indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum in 2007.

Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan launched MoP&NG e-Seva, a dedicated grievances redressal platform on Social Media for all queries and grievances relating to Oil and Gas Sector. The MOPNG e-Seva is an integrated grievances redressal platform across social media for all Oil & Gas related service issues. This portal will be a single …

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday.

In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field

The company responsible for the Keystone XL oil pipeline said Friday morning that President Trump's administration had signed off on the project, clearing a key hurdle for a polarizing endeavor that has rankled environmentalists and inspired hope for jobs among supporters.

Four public sector undertakings—Indian Oil Corporation, Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Coal India — are paying an out-of-turn second interim dividend to help the government shore up its revenues. Most of these companies paid interim dividends less than a month ago.

KEI-RSOS Petroleum & Energy, which currently operates five marginal gas fields in the KG Basin and markets the gas to industries, announced securing two oil and gas blocks in the KG Basin from the union petroleum and natural gas ministry.

INFRASTRUCTURE

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

Rourkela BJP legislator and former Union minister Dilip Ray on Thursday met Prime Minister Narendra Modi and apprised him about the inordinate delay gripping two mega infrastructure projects of Rourkela despite the PM’s announcement on the projects in April 2015.

The ambitious multi-modal transport hub construction project of Surat railway station, slated to begin last year, received nine bids by interested developers even as authorities have advanced the bidding dates to April 15, 2017.

After the J&K State Cable Car Corporation (JKSCCC) cancelled its controversial tender having change in the nomenclature of the Mubarak Mandi–Bahu Fort Cable Car Project to the Mubarak Mandi-Shahabad Project

Cochin Shipyard Ltd (CSL), India’s largest largest public sector shipyard, is planning to raise about Rs. 1,400-1,500 crore through an initial public offering (IPO) and has filed initial papers with the marker regulator. On completion of a successful IPO, CSL will become the first of five state-owned shipbuilding companies to be publicly listed.

The Centre has given in principle approval to upgrade 57,500 km of state highways to national highways so as to augment the existing 1.13 lakh km of NHs across the country, Parliament was informed today.